PARKER DRILLING/SH PAR $ (NYSE:PKD) Stock Crosses Above 50 Day Moving Average of $19.51

Shares of PARKER DRILLING/SH PAR $ (NYSE:PKD) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $19.51 and traded as high as $19.09. PARKER DRILLING/SH PAR $ shares last traded at $18.79, with a volume of 454 shares trading hands.

PKD has been the topic of several recent analyst reports. Imperial Capital boosted their price target on PARKER DRILLING/SH PAR $ from $25.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday.

The stock’s 50 day simple moving average is $19.42. The company has a quick ratio of 2.40, a current ratio of 2.53 and a debt-to-equity ratio of 0.61.

PARKER DRILLING/SH PAR $ (NYSE:PKD) last posted its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported ($9.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($9.08). The business had revenue of $157.40 million during the quarter, compared to the consensus estimate of $133.66 million. Equities research analysts predict that PARKER DRILLING/SH PAR $ will post -7.81 earnings per share for the current year.

In other PARKER DRILLING/SH PAR $ news, major shareholder Skyway Master Fund L.P. Varde acquired 124,000 shares of PARKER DRILLING/SH PAR $ stock in a transaction on Wednesday, May 8th. The shares were bought at an average price of $20.10 per share, with a total value of $2,492,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.26% of the stock is currently owned by insiders.

PARKER DRILLING/SH PAR $ Company Profile (NYSE:PKD)

Parker Drilling Company provides contract drilling and drilling-related services, and rental tools and services to the energy industry. It operates through two business lines, Drilling Services and Rental Tools Services. The Drilling Services business line drills oil, natural gas, and geothermal wells with company-owned rigs and customer-owned rigs; and operates barge rigs for drilling oil and natural gas in the shallow waters in and along the inland waterways and coasts of Louisiana, Alabama, and Texas.

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